Reuters reports BHP Billiton's (NYSE:BHP) $39 billion bid for Potash Corp and left little room for a modified offer, throwing the spotlight on how the world's largest miner can find new avenues for growth.
North American fertilizer makers a year ago posted enormous profits on the back of soaring prices, but investors are braced for a sharp setback this quarter and hope to see the first signs of improvement later this year. For full story, click here
Potash company MagIndustries Corp. declared that it will issue 62.2 million shares to surge about $26.1 million in a stock issue to Canadian investors. For full story, click here
Potash company MagIndustries Corp. declared that it will issue 62.2 million shares to raise about $26.1 million in a stock issue to Canadian investors. For full story, click here
Potash closed yesterday at $100.87. So far the stock has hit a 52-week low of $47.54 and 52-week high of $241.62. Potash stock has been showing support around 93.52 and resistance in the 106.46 range. Technical indicators for the stock are Bullish and S&P gives POT a weak 2 STAR sell rating. POT appears on [...]
In a move that undermines Agrium’s $3.6-billion (U.S.) play for rival CF Holdings, institutional investors are being motivated to dump the Canadian fertilizer company and load up on Potash Corp. For full story, click here
By Leia Michele Toovey- Exclusive to Potash Investing News It is no mistake that the US led the world into the current economic crisis. The power to lead the world out rests in the hands of the Asian economies, especially China. Chinese demand is a major driving force; it has the ability to push the [...]
By Leia Michele Toovey- Exclusive to Potash Investing News Potash prices have soared in recent years. What was once a commodity worth about $200 a tonne is now expected to fetch $1,500 by 2020. According to Scotiabank economist Patricia Mohr potash purchasers are currently paying US$872.50 per tonne at the port of Vancouver. “It is at a [...]
By Leia Michele Toovey- Exclusive to Potash Investing News. If there was a bright spot in the commodities market in 2008, it would have to be Potash. Potash prices are up significantly compared to last year, and despite an expected short-term credit crunch, the long-term outlook is for growing demand. Potash companies have been under [...]
A renewed probe of a 2 year old accident at Uralkali has landed a fresh blow on fragile confidence in Russian stocks and raised fears of a state asset grab. For full story, click here
Get our independent commentary on potash trends and companies delivered to your inbox.
